Archived IMT (2009.05.21)
When youre a Forex trader and your job is to maximize profits and minimize risks for your employer, you are faced with several options: Buying JPY against the USD due to yens prolonged and recurring strength of past few weeks and the USDs ongoing damage despite struggling equities. The dollars woes are highlighted by a further upside in the yields of US treasuries (tumbling prices) which place a big hole in the argument of those who have long relied on the kindness of foreign investors remaining attracted to US treasuries. S&Ps decision to downgrade its UK outlook raises a vocal question as to when the US will be next. And the fact that the US can issue debt in the currency it is able to print only highlights the ongoing debasement of the US dollar (via excessive monetary printing. CATCH ASHRAF ON CNBC EUROPE SQUAWK BOX Friday from 6 to 7 am British Standard Time (5-6 am GMT).
Reality Check Pre Jobs
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Kushner a Tell?
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